Equipment Lease Assignment Forms

Alabama Contractor Subcontractor Agreement:

This form is intended to be used by an independent contractor to hire a subcontractor to perform certain work on a job that the contractor has agreed to perform. It provides for the “farming” out of specific work to be performed by the subcontractor within a set time period for a particular payment. It also provides a method for authorizing extra work under the contract. Finally, this document provides that the subcontractor agrees to indemnify the contractor against any claims or liabilities arising from the performance of the work.

Alaska Equipment Lease Assignment:

An assignment of equipment lease is a contract where a party who originally was leasing equipment (the “Assignor”) assigns his rights and responsibilities under that lease to another party (the “Assignee”), generally for the remainder of his/her lease term. The Assignor may choose to use an assignment for a number of reasons including change of business circumstances, financial concerns or other changes in circumstances.